MONEY MARKET.
STOCK ExcilANOR, FRIDAY AFTERNOON. The Consol Market has shown symptoms of heaviness, without experiencing any material decline; for although the quotations of to-day are lower than those of list week, they are still higher than those of a fortnight ago. The depression of the market is attributed to the belief that the recent occupation of Cracow by the troops of the Despotic Powers may lead to a collision between those Powers and England ; but it would not appear from the state of the market that this ogiinion prevails to any extent. In the Foreign Market, Brazilian Stock has experienced a considerable im- provement; which is principally attributable to the continued purchases made- from time to time in this stock, and doe. not result from any prticular finan- cial measures on the part of the Government at Rio Janeiro. Portneuese Securities have declired very considerably : indeed, something very like a panic has taken place in this market, and the stook tut-day is more than 5 per cent. below our last quotations. By recent advices from Lisbon, We learn that a change of Ministry is about to take place; said that it is pro- bable that M. OLIVEIRA' a gentleman well known in London, will succeed M. CA MPOS as Minister of Finance. To this circumstance, together with the Knows poverty of the Treasury, the present fall of the Bonds may be referred. The Spanish Bonds have not iluetuated so much as they usually do, although on more than one occasion the market has been subject to a sudden depression. 'he price of to-day is about LS per cent. below that of Saturday, but 1 per cent. above the lowest priest of the week. The rejection or the Gravesend Railway Bill by the House of Commons, at the to cond nettling, has caused a decline in the Shares of that undertaking, as well as in most of those which have not obtained Bills : but the effect has not been very great; and most of the new enterprises are in demand at premiums varying from 11. to 6/., and in some instanoes 121. or 13/. per Share. Some e our contemporaries continue to characterize these undertakings as the result of wild speculation ; and, in the teeth of facts, affect to consider them of a similar nature with the Mini:to speculations of 1825. But, as we have before shown, the cases are essentially, different. In 1825, the Imperial Bra- zilian Mining Shares, on which only W1. per share had berm paid, were at 125/. premium ; the United and Anglo-Mexicae Shares, on each of which 101. had been paid, were the one at 1501., and the other at 1751. premium ; the Real Del :Ileutte Shares, on which only 801. had been paid, were currently sold at 1,500/, per share, and even as Moll as 1,7001. The majority of the transac- tions at that period were entirely in the nature of time bargains, whereas the transactions of the present ',cried are for the greater part bona fide ; and the rise in the Shares, instead of being the result of speculation, is produced by extensive inve-tment in this species of property. Referring to the comparative premiums of the two periods, it will be seen that, in extent at least, the parallel dues not hold; for though some of the Railways which have already made progress towards completion are at high premiums,-as the London and Birmingham at 721., the Great Western at 301. to 321., and the South- ampton at 10/.,-the proportion is far behind that of 1825. From the report of the Parliamentary Committee, it appears that the number of Railway Dills applied for during the present session is fifty-seven : the amount of capital for their completion is 23,224,000/. ; and as the whole of this sum will not he required far at least three years, it is rating the capabilities of the country very low to suppose that the necessity of providing it will have any disastrous effect upon its monetary system.
SATURDAY, TWELVE O'CLOCK..
We are without any material alteration or any business of importance. Spa- nish Active Stock has improved about a per cent. upon yesterday's prices. The Portuguese Funds are the same as yesterday afternoon. Some fluctuation has occurred in Shares; and the following are the quotations of the principal varieties. Brighton (Stephenson's) 34 144; ditto ( Rennie's) 1 i; Blackwell r1-; ditto..Commercial)) 4; Greenwich 104 114; GreatWestern 31 32; North Midland 6 7 ; York and ditto 34 s ; Southampton 94 104; Birmingham and Derby Sit, 94; London and Birmingham 74 76 prem. ; Gravesend 1 1 dis.
SATURDAY, FOUR O'CLOCK.
During the afternoon, Spanish Active Bonds have been as high as 453,. : but a sale by an influential broker has caused a depression, and the closing price is 454 it. Portuguese Bonds are also higher, more in consequence of the reaction of the market than on account of any extensive transactions. The Railway Share Market has evinced great activi y ; most of the current descriptions are quoted higher than in the morning; bit the greatest improvement has occurred in the Great Western, which are at 35 37 prem., and the Birmingham and Derby, which are at 11221. 1341. prem. : the others are generally 5 to 10 prem. per share higher.
3 per Cent. 914 i Dutch 24 per Cents 554 Ditto for Account 911 1 French 3per Cents
New 34 per Cent. Annuities 100 Mexican 6 per Cents 33 34 India Stock Portuguese 3 per Cents 494 Rank Stock Do. Regency 5 per Cent .... 18t 794 Exchequer Bills . l9 21pr. Russian, 1822,5 per Cent.. 1084ex.div
Belgian 5 per Cents . 1034 4 Spanish, 1834, 5 per Cent .. 454 Brazilian 5 per Cents. 864 74 Ditto, Deterred 224 3
Danish 3 per Cents. 761 74 Ditto, Passive 151
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